SkyPower Acquires Equity Stake In AAER

0

SkyPower Corp., a Canadian renewable energy developer and Lehman Brothers affiliate, has agreed to acquire a 20.9% equity stake in AAER, a Bromont, Quebec-headquartered wind turbine manufacturer.

SkyPower has subscribed for 14.2 million shares of the company at C$0.35 per share and share purchase warrants for the purchase of an additional 14.2 million common shares at an exercise price of C$0.45 per share, according to the companies.

In connection with its investment, SkyPower has committed to bid AAER wind turbines in its different project bids for the current Hydro-Quebec 2,000 MW wind energy request for proposals.


‘The combination of SkyPower's entrepreneurial platform and fast growing portfolio of large high-profile development projects, as well as their shareholders' global reach, gives the company an important competitive edge in the North American market,’ says Dave Gagnon, CEO of AAER.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments